Trump Goes on Tweetstorm, Promises ‘Retribution’ to Companies Leaving the US
Donald Trump‘s deal with Carrier attracted both praise and criticism last week, and the President-elect took to Twitter this morning to warn companies that there will be consequences if they engage in outsourcing.
At an address in Indianapolis, Trump warned that there will be certain penalties in store for industries that move jobs out of the country and then sell their products back into the US. This occurred as he celebrated a deal that will keep approximately 1,000 jobs in the US.
The deal has not been without controversy however. Sarah Palin said that imposing the government’s will on businesses is an act of “crony capitalism,” and Wall Street Journal has warned that Trump’s “arm-twisting” interferes with the free market and could cost jobs in the long run.
To address all of this, Trump got on Twitter this morning and reiterated his position.
The U.S. is going to substantialy reduce taxes and regulations on businesses, but any business that leaves our country for another country,
— Donald J. Trump (@realDonaldTrump) December 4, 2016
fires its employees, builds a new factory or plant in the other country, and then thinks it will sell its product back into the U.S. ……
— Donald J. Trump (@realDonaldTrump) December 4, 2016
without retribution or consequence, is WRONG! There will be a tax on our soon to be strong border of 35% for these companies ……
— Donald J. Trump (@realDonaldTrump) December 4, 2016
wanting to sell their product, cars, A.C. units etc., back across the border. This tax will make leaving financially difficult, but…..
— Donald J. Trump (@realDonaldTrump) December 4, 2016
these companies are able to move between all 50 states, with no tax or tariff being charged. Please be forewarned prior to making a very …
— Donald J. Trump (@realDonaldTrump) December 4, 2016
expensive mistake! THE UNITED STATES IS OPEN FOR BUSINESS
— Donald J. Trump (@realDonaldTrump) December 4, 2016
Carrier will receive a $7 million dollar tax break over the deal, though the company has told it’s employees that 1,300 jobs will still be moved to Mexico.
[Image via screengrab]
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